CB Financial Services, Inc. (CBFV)
CB Financial Services, Inc. functions as the parent company for Community Bank, delivering a broad spectrum of banking solutions and financial services to individuals and businesses. Its operational footprint spans southwestern Pennsylvania, West Virginia, and Ohio. The bank's core deposit offerings include checking accounts (comprising both demand and NOW accounts), money market accounts, savings accounts, and various time deposit products. A comprehensive suite of loan products is also provided. For residential borrowers, this includes real estate financing such as mortgages for single- to four-family homes, home equity installment loans, and home equity lines of credit. Commercial real estate loans are offered, typically secured by developed properties like retail centers, office buildings, and other non-residential structures. Construction financing is available for both individual residential dwellings and commercial projects, ranging from hotels and apartment buildings to housing developments and owner-occupied business properties. Furthermore, the institution extends commercial and industrial loans and lines of credit, alongside diverse consumer loans like indirect auto financing, secured and unsecured personal loans, and credit lines. Beyond traditional banking, CB Financial Services also operates an insurance agency, providing a variety of products such as property and casualty coverage, commercial liability policies, surety bonds, and other related services. Its physical presence comprises a main office and 13 branch locations distributed across Greene, Allegheny, Washington, Fayette, and Westmoreland counties in southwestern Pennsylvania; Marshall and Ohio counties in West Virginia; and Belmont County in Ohio. An additional loan production office is located in Allegheny County. Founded in 1901, the company's corporate headquarters are situated in Carmichaels, Pennsylvania.
Sector: State Commercial Banks
Industry: Banks - Regional
CB Financial Services, Inc.
NASDAQ:CBFVFinancial Services · Banks - Regional
+1.29%$39.15
AH Close$39.15+0.00%vs close
AH Close$39.15+0.00%vs close
Mkt Cap$198.94M
Float4.56M
O/S5.08M
Inst Own45.1%
SI1.6%
Div Yield2.81%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$68.64M
Net Income$4.9M
Total Assets$1.55B
Free Cash Flow$17.16M
Debt & Equity
Debt 18%
Equity 82%
Total Debt$34.76M
Total Equity$157.54M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CBFV's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.55B
Liabilities$1.39B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$19.65M
Goodwill$9.73M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 |
| Revenue | $68.64M | $79.2M | $60.03M | $54.74M | $50.06M | $54.49M | $57.7M | $50.78M | $39.29M | $38.44M | $38.56M | $23.95M | $20.77M | $21.73M | $23.26M | $19.42M | $17.07M | $16.1M | $16.45M |
| YoY Growth | -13.3% | 31.9% | 9.7% | 9.4% | -8.1% | -5.6% | 13.6% | 29.3% | 2.2% | -0.3% | 61.0% | 15.3% | -4.4% | -6.6% | 19.8% | 13.8% | 6.0% | -2.1% | - |
| Cost of Revenue | $25.75M | $30.63M | $17.17M | $8.56M | $2.28M | $9.56M | $8.58M | $8.47M | $5.24M | $4.91M | $4.72M | $1.96M | $2.34M | $3.54M | $23.26M | $5.76M | $5.04M | $5.27M | $5.03M |
| Gross Profit | $42.89M | $48.57M | $42.86M | $46.18M | $47.78M | $44.92M | $49.12M | $42.31M | $34.04M | $33.53M | $33.84M | $21.99M | $18.43M | $18.18M | $0 | $13.67M | $12.04M | $10.83M | $11.43M |
| Gross Margin | 62.5% | 61.3% | 71.4% | 84.4% | 95.4% | 82.4% | 85.1% | 83.3% | 86.7% | 87.2% | 87.8% | 91.8% | 88.8% | 83.7% | - | 70.4% | 70.5% | 67.3% | 69.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.59M | $20.28M | $23.41M | $19.91M | $21.93M | $23.39M | $22.26M | $19.43M | $15M | $14.23M | $13.79M | $9.26M | $8.02M | $7.97M | $6.73M | $5.04M | $4.99M | $4.4M | $4.03M |
| Other | $36M | $12.95M | -$10.83M | $12.19M | $11.15M | $30.93M | $10.8M | $14.29M | $9.22M | $8.61M | $8.19M | $6.83M | $4.99M | $4.97M | -$3.36M | $4.49M | $4.82M | $4.47M | $4.34M |
| Total Operating Expenses | $37.59M | $33.23M | $12.58M | $32.1M | $33.08M | $54.32M | $33.07M | $33.72M | $24.23M | $22.84M | $21.98M | $16.09M | $13.01M | $12.93M | $3.36M | $9.53M | $9.8M | $8.87M | $8.37M |
| Operating Income (EBIT) | $5.3M | $15.34M | $30.29M | $14.08M | $14.7M | -$9.39M | $16.06M | $8.59M | $9.82M | $10.69M | $11.86M | $5.9M | $5.42M | $5.25M | $5.29M | $4.14M | $2.23M | $1.96M | $3.06M |
| Operating Margin | 7.7% | 19.4% | 50.4% | 25.7% | 29.4% | -17.2% | 27.8% | 16.9% | 25.0% | 27.8% | 30.8% | 24.6% | 26.1% | 24.2% | 22.7% | 21.3% | 13.1% | 12.2% | 18.6% |
| Interest Expense | $25.16M | $30.06M | $17.67M | $4.78M | $3.4M | $5.56M | $7.86M | $5.95M | $3.37M | $2.87M | $2.71M | $1.96M | $2.24M | $3.09M | $494K | $4.51M | $4.07M | $4.19M | $4.59M |
| Interest Income | $75.94M | $76.02M | $62.12M | $47.63M | $43.47M | $47.47M | $51.03M | $43.63M | $32.43M | $32.02M | $31.92M | $20.84M | $17.91M | $18.55M | $0 | $16.88M | $14.8M | $14.07M | $14.62M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $5.3M | $15.34M | $30.29M | $14.08M | $14.7M | -$9.39M | $16.06M | $8.59M | $9.82M | $10.69M | $11.86M | $5.9M | $5.42M | $5.25M | $5.29M | $4.14M | $2.23M | $1.96M | $3.06M |
| Income Tax Expense | $397K | $2.75M | $7.74M | $2.83M | $3.13M | $1.25M | $1.73M | $1.54M | $2.87M | $3.11M | $3.44M | $1.61M | $1.16M | $1.03M | $894K | $1.21M | $591K | $487K | $847K |
| Net Income | $4.9M | $12.59M | $22.55M | $11.25M | $11.57M | -$10.64M | $14.33M | $7.05M | $6.94M | $7.58M | $8.42M | $4.29M | $4.26M | $4.22M | $4.4M | $2.93M | $1.64M | $1.48M | $2.22M |
| Net Income Margin | 7.1% | 15.9% | 37.6% | 20.5% | 23.1% | -19.5% | 24.8% | 13.9% | 17.7% | 19.7% | 21.8% | 17.9% | 20.5% | 19.4% | 18.9% | 15.1% | 9.6% | 9.2% | 13.5% |
| Supplementary Data | |||||||||||||||||||
| EPS | 0.97 | 2.45 | 4.41 | 2.19 | 2.15 | -1.97 | 2.64 | 1.42 | 1.70 | 1.86 | 2.07 | 1.63 | 1.73 | 1.73 | 1.82 | 1.25 | 0.70 | 0.62 | 0.93 |
| Diluted EPS | 0.92 | 2.38 | 4.40 | 2.18 | 2.15 | -1.97 | 2.63 | 1.40 | 1.69 | 1.86 | 2.07 | 1.63 | 1.72 | 1.70 | 1.78 | 1.23 | 0.69 | 0.62 | 0.92 |
| Weighted Average OS | 5.04M | 5.13M | 5.11M | 5.14M | 5.38M | 5.41M | 5.43M | 4.98M | 4.09M | 4.08M | 4.07M | 2.63M | 2.46M | 2.44M | 2.41M | 2.35M | 2.36M | 2.37M | 2.38M |
| EBITDA | $7.11M | $17.77M | $33.02M | $16.78M | $17.13M | -$6.05M | $19.78M | $11.63M | $12.32M | $13.78M | $14.44M | $6.66M | $6.04M | $5.74M | $5.81M | $5.36M | $2.92M | $3.95M | $4.24M |
| EBITDA Margin | 10.4% | 22.4% | 55.0% | 30.7% | 34.2% | -11.1% | 34.3% | 22.9% | 31.4% | 35.9% | 37.4% | 27.8% | 29.1% | 26.4% | 25.0% | 27.6% | 17.1% | 24.5% | 25.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 |
| Assets | ||||||||||||||||||
| Current Assets | ||||||||||||||||||
| Cash and Cash Equivalents | $31.69M | $49.57M | $68.22M | $103.7M | $119.67M | $160.91M | $80.22M | $53.35M | $20.62M | $14.28M | $11.34M | $11.75M | $16.42M | $11.94M | $13.35M | $13.08M | $10.35M | $10.83M |
| Short-Term Investments | $0 | $259.51M | $204.51M | $187.36M | $222.11M | $142.9M | $194.68M | $225.41M | $123.58M | $106.21M | $95.86M | $105.45M | $133.81M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $31.69M | $309.09M | $272.73M | $291.06M | $341.78M | $303.81M | $274.89M | $278.76M | $144.21M | $120.49M | $107.2M | $117.2M | $150.23M | $11.94M | $13.35M | $13.08M | $10.35M | $10.83M |
| Accounts Receivable | $0 | $0 | $0 | $21.14M | $12.86M | $15.21M | $15.85M | $13.9M | $10.59M | $9.9M | $8.82M | $9.31M | $6.02M | $1.93M | $4.37M | $4.28M | $4.28M | $3.74M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.23M | $0 | $0 | $0 | $0 |
| Total Current Assets | $31.69M | $309.09M | $272.73M | $312.2M | $354.64M | $319.02M | $290.74M | $292.66M | $154.79M | $130.39M | $116.02M | $126.51M | $156.24M | $13.88M | $17.72M | $17.36M | $14.63M | $14.56M |
| Long-Term Assets | ||||||||||||||||||
| Property, Plant & Equipment Net | $19.65M | $20.71M | $19.7M | $17.84M | $18.4M | $20.3M | $22.28M | $23.45M | $16.71M | $14.13M | $10.28M | $10.59M | $4.61M | $4.85M | $3.09M | $3.3M | $2.85M | $3.41M |
| Goodwill | $9.73M | $9.73M | $9.73M | $9.73M | $9.73M | $9.73M | $28.43M | $28.43M | $4.95M | $4.95M | $4.95M | $5.63M | $2.16M | $2.16M | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $958K | $3.51M | $5.29M | $8.4M | $10.53M | $10.93M | $3.28M | $3.82M | $4.35M | $4.89M | $0 | $52K | $4.37M | $4.28M | $4.28M | $3.74M |
| Long-Term Investments | $1.43B | $1.09B | $1.1B | $1.04B | $1.01B | $1.03B | $945.34M | $903.31M | $735.6M | $674.09M | $676.86M | $680.96M | $374.77M | $514.29M | $291.92M | $271.09M | $248.44M | $229.54M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.03M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $54.58M | $55.68M | $49.69M | $25.89M | $25.33M | $24.78M | $24.22M | $22.92M | $19.15M | $18.69M | $18.21M | $17.73M | $8.7M | $9.49M | $17.9M | $30.25M | $16.7M | $14.7M |
| Total Long-Term Assets | $1.52B | $1.17B | $1.18B | $1.1B | $1.07B | $1.1B | $1.03B | $989.04M | $779.7M | $715.68M | $714.66M | $719.8M | $390.24M | $532.88M | $317.39M | $309.24M | $268.35M | $248.02M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.55B | $1.48B | $1.46B | $1.41B | $1.43B | $1.42B | $1.32B | $1.28B | $934.49M | $846.08M | $830.68M | $846.31M | $546.49M | $546.75M | $335.11M | $326.6M | $282.98M | $262.58M |
| Liabilities | ||||||||||||||||||
| Current Liabilities | ||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $7.58M | $8.88M | $8.57M | $7.51M | $6.44M | $3.78M | $3.36M | $4.03M | $5.09M | $1.76M | $0 | $1.33M | $869K | $910K | $965K |
| Short-Term Debt | $20M | $20M | $0 | $8.06M | $42.27M | $43.05M | $36.57M | $61.96M | $39.6M | $54.05M | $41.81M | $46.68M | $15.38M | $23.37M | $11.03M | $10.45M | $12.69M | $6.7M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.34B | $1.28B | $1.27B | $1.27B | $1.23B | $1.22B | $1.12B | $1.09B | $773.34M | $698.22M | $679.3M | $697.49M | $480.33M | $308.78M | $289.3M | $275.34M | $228.01M | $212.39M |
| Total Current Liabilities | $1.36B | $1.3B | $1.27B | $1.28B | $1.28B | $1.28B | $1.16B | $1.16B | $816.73M | $755.63M | $725.14M | $749.27M | $497.48M | $23.37M | $301.66M | $286.66M | $241.61M | $220.05M |
| Long-Term Liabilities | ||||||||||||||||||
| Long-Term Debt | $14.76M | $14.72M | $34.68M | $14.64M | $14.6M | $6M | $8M | $20M | $24.5M | $28M | $28M | $15.14M | $4M | $7M | $5.49M | $13.45M | $14.97M | $16.44M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$10.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $15.59M | $15.95M | $14.42M | $0 | $0 | $0 | $0 | -$30.98M | $0 | -$27.03M | -$9.36M | $0 | $0 | $471.91M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $30.35M | $30.67M | $49.1M | $14.64M | $14.6M | $6M | $8M | -$10.98M | $24.5M | $973K | $18.64M | $15.14M | $4M | $478.91M | $5.49M | $13.45M | $14.97M | $16.44M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.39B | $1.33B | $1.32B | $1.3B | $1.29B | $1.28B | $1.17B | $1.14B | $841.23M | $756.61M | $743.78M | $764.4M | $501.48M | $502.28M | $307.16M | $300.11M | $256.58M | $236.49M |
| Stockholders' Equity | ||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2.43M | $2.41M | $2.4M | $2.38M | $2.37M | $2.37M | $2.37M | $2.37M | $1.82M | $1.82M | $1.82M | $1.82M | $1.09M | $1.08M | $1.02M | $1.02M | $1.02M | $1.02M |
| Retained Earnings | $90.63M | $90.86M | $83.39M | $63.86M | $57.53M | $51.13M | $66.95M | $57.84M | $55.28M | $51.71M | $47.73M | $42.77M | $40.81M | $38.62M | $24.67M | $22.8M | $22.08M | $21.5M |
| Comprehensive Income & Other | -$3.41M | -$17.23M | -$16.75M | -$26.24M | -$927K | $3.4M | $2.65M | -$1.44M | -$1.34M | -$1.18M | $575K | $565K | -$763K | $1.23M | -$299K | $189K | $509K | $774K |
| Other Stockholders' Equity | $64.48M | $54.11M | $54.04M | $43.91M | $73.22M | $81.03M | $81.78M | $77.42M | $36.16M | $35.94M | $37.35M | $37.33M | $3.1M | $4.76M | $2.26M | $2.68M | $3.31M | $3.57M |
| Total Equity | $157.54M | $147.38M | $139.83M | $110.16M | $133.12M | $134.53M | $151.1M | $137.63M | $93.26M | $89.47M | $86.9M | $81.91M | $45.01M | $44.47M | $27.95M | $26.5M | $26.4M | $26.09M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.55B | $1.48B | $1.46B | $1.41B | $1.43B | $1.42B | $1.32B | $1.28B | $934.49M | $846.08M | $830.68M | $846.31M | $546.49M | $546.75M | $335.11M | $326.6M | $282.98M | $262.58M |
| Supplementary Data | ||||||||||||||||||
| Total Debt | $34.76M | $34.72M | $34.68M | $22.7M | $56.87M | $49.05M | $44.57M | $81.96M | $64.11M | $82.05M | $69.81M | $61.82M | $19.38M | $30.37M | $16.52M | $23.9M | $27.66M | $23.13M |
| Net Debt | $3.06M | -$14.85M | -$33.55M | -$81M | -$62.81M | -$111.86M | -$35.65M | $28.61M | $43.48M | $67.77M | $58.47M | $50.07M | $2.97M | $18.43M | $3.17M | $10.82M | $17.31M | $12.31M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 |
| Operating Activities | |||||||||||||||||||
| Net Income | $4.9M | $12.59M | $22.55M | $11.25M | $11.57M | -$10.64M | $14.33M | $7.05M | $6.94M | $7.58M | $8.42M | $4.29M | $4.26M | $4.22M | $4.4M | $2.93M | $1.64M | $1.48M | $2.22M |
| Depreciation & Amortization | $1.81M | $2.42M | $2.74M | $2.7M | $2.44M | $3.34M | $3.73M | $3.04M | $2.5M | $3.09M | $2.57M | $763K | $629K | $484K | $522K | $1.22M | $689K | $1.99M | $1.18M |
| Deferred Income Tax | -$65K | -$49K | -$29K | -$57K | -$70K | -$62K | -$35K | -$44K | $57K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $796K | $812K | $1.13M | $600K | $566K | $498K | $323K | $482K | $361K | $353K | $15K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||
| Accounts Receivable | -$788K | -$500K | -$1.1M | -$633K | $522K | -$575K | $139K | -$730K | -$266K | -$21K | $116K | -$677K | $69K | $160K | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$475K | $682K | $1.46M | -$131K | -$281K | -$220K | $393K | $164K | $96K | $29K | -$43K | $82K | -$61K | -$174K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$2.1M | -$3.71M | $4.37M | $530K | $1.64M | -$1.09M | -$203K | -$276K | -$608K | -$350K | $3.05M | $641K | $793K | $70K | $292K | $318K | -$106K | -$80K | -$153K |
| Total Working Capital Change | -$3.36M | -$3.53M | $4.72M | -$234K | $1.88M | -$1.89M | $329K | -$842K | -$778K | -$342K | $3.13M | $46K | $801K | $56K | $292K | $318K | -$106K | -$80K | -$153K |
| Other Non-Cash Items | $13.72M | -$5.5M | -$16.87M | -$109K | -$3.33M | $22.83M | -$802K | $3.96M | $2.52M | -$112K | $37.45M | -$7.5M | $2.36M | $1.96M | $2.95M | $800K | $473K | $401K | $4K |
| Net Cash from Operating | $17.81M | $6.75M | $14.24M | $14.15M | $13.05M | $14.08M | $17.87M | $13.66M | $11.6M | $10.57M | $51.56M | -$2.4M | $8.05M | $6.72M | $8.16M | $5.27M | $2.7M | $3.79M | $3.25M |
| Investing Activities | |||||||||||||||||||
| Capital Expenditures | -$650K | -$3.31M | -$3.29M | -$509K | -$2.38M | -$322K | -$48K | -$4.43M | -$3.85M | -$2.54M | -$604K | -$6.56M | -$237K | -$1.1M | -$606K | -$299K | -$1.02M | -$260K | -$491K |
| Acquisitions | $0 | $0 | $26.97M | $0 | $0 | $0 | $0 | $20.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$170.1M | -$70.22M | -$100.21M | -$26.83M | -$135.01M | -$68.96M | -$50.2M | -$11.23M | -$44.66M | -$77.87M | -$28.28M | -$52.14M | -$41.52M | -$130.81M | -$91.09M | -$50.85M | -$73.51M | -$39.12M | -$31.82M |
| Sales of Investments | $157.53M | $15.36M | $85.19M | $29.24M | $50.4M | $122.11M | $83.75M | $96.78M | $27.2M | $64.8M | $37.7M | $81.84M | $59.19M | $106.44M | $88.04M | $42.06M | $65.5M | $45.25M | $26.54M |
| Other Investing Activities | -$69.39M | $21.8M | -$63.38M | -$30.21M | $26.86M | -$89.72M | -$44.53M | -$74.29M | -$64.58M | -$1.91M | -$37.77M | -$316.28M | -$31.84M | -$7.65M | -$25.45M | -$19.01M | -$19.72M | -$27.38M | -$18.39M |
| Net Cash from Investing | -$82.61M | -$36.38M | -$54.73M | -$28.31M | -$60.14M | -$36.9M | -$11.04M | $27.47M | -$85.89M | -$17.52M | -$28.95M | -$293.15M | -$14.4M | -$33.11M | -$29.11M | -$28.1M | -$28.76M | -$21.51M | -$24.17M |
| Financing Activities | |||||||||||||||||||
| Debt Repaid | - | - | -$20M | $3M | $5M | $6M | $6M | $6.8M | $3.5M | - | -$12.86M | -$11.14M | $3M | $4.46M | $4.49M | $7.96M | $1.52M | $1.47M | -$8.98M |
| Common Stock Issuance | $2.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.31M | $0 | $0 | $319K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$6.84M | -$965K | -$843K | -$4.8M | -$4.14M | -$1.92M | -$71K | -$317K | -$10K | -$14K | $0 | -$2.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$5.13M | -$5.13M | -$5.11M | -$4.92M | -$5.17M | -$5.18M | -$5.21M | -$4.53M | -$3.6M | -$3.59M | -$3.46M | -$2.33M | -$2.07M | -$2.05M | -$2M | -$1.06M | -$920K | -$900K | -$880K |
| Other Financing Activities | $56.29M | $17.08M | -$972K | $42.11M | $7.34M | $106.13M | $31.72M | $31.91M | $75.16M | $18.92M | -$18.2M | $217.37M | $10.53M | $20.39M | $43.4M | $13.96M | $47.32M | $15.62M | $16.29M |
| Net Cash from Financing | $46.92M | $10.98M | $5.01M | -$1.82M | $5.85M | $103.51M | $20.03M | -$8.39M | $80.63M | $9.89M | -$23.03M | $290.88M | -$2.53M | $9.23M | $31.05M | $5.6M | $42.33M | $19.25M | $27.4M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$17.88M | -$18.65M | -$35.48M | -$15.97M | -$41.24M | $80.69M | $26.86M | $32.73M | $6.34M | $2.94M | -$411K | -$4.67M | -$8.88M | -$17.17M | $0 | -$17.23M | $16.28M | $1.53M | $6.47M |
| Supplementary Data | |||||||||||||||||||
| Operating Cash Flow | $17.81M | $6.75M | $14.24M | $14.15M | $13.05M | $14.08M | $17.87M | $13.66M | $11.6M | $10.57M | $51.56M | -$2.4M | $8.05M | $6.72M | $8.16M | $5.27M | $2.7M | $3.79M | $3.25M |
| Capital Expenditure | -$650K | -$3.31M | -$3.29M | -$509K | -$2.38M | -$322K | -$948K | -$5.33M | -$3.85M | -$2.54M | -$604K | -$6.56M | -$237K | -$1.1M | -$606K | -$299K | -$1.02M | -$260K | -$491K |
| Free Cash Flow | $17.16M | $3.44M | $10.94M | $13.64M | $10.67M | $13.76M | $16.92M | $8.33M | $7.76M | $8.03M | $50.96M | -$8.96M | $7.81M | $5.62M | $7.56M | $4.97M | $1.68M | $3.53M | $2.76M |
| Cash at Beginning | $49.57M | $68.22M | $103.7M | $119.67M | $160.91M | $80.22M | $53.35M | $20.62M | $14.28M | $11.34M | $11.75M | $16.42M | $25.3M | $42.46M | $0 | $43.33M | $27.05M | $25.53M | $19.05M |
| Cash at End | $31.69M | $49.57M | $68.22M | $103.7M | $119.67M | $160.91M | $80.22M | $53.35M | $20.62M | $14.28M | $11.34M | $11.75M | $16.42M | $25.3M | $0 | $26.1M | $43.33M | $27.05M | $25.53M |